Quebecor (TSE:QBR.B) Price Target Raised to C$70.00 at Royal Bank Of Canada

Quebecor (TSE:QBR.B) had its target price raised by Royal Bank Of Canada from C$64.00 to C$70.00 in a report published on Friday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other equities analysts also recently issued reports about the company. Scotiabank raised their price target on Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research note on Tuesday. Scotia increased their target price on Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets raised their target price on Quebecor from C$63.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial boosted their price target on Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Finally, TD upped their price target on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$67.29.

Quebecor Stock Performance

TSE:QBR.B traded down C$2.15 during mid-day trading on Friday, reaching C$66.68. The company’s stock had a trading volume of 692,766 shares, compared to its average volume of 953,596. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm’s fifty day moving average price is C$65.61 and its two-hundred day moving average price is C$58.28. Quebecor has a 12-month low of C$36.68 and a 12-month high of C$70.75. The stock has a market cap of C$15.03 billion, a P/E ratio of 17.36, a PEG ratio of 1.43 and a beta of 0.68.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share (EPS) for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The company had revenue of C$1.40 billion for the quarter.

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.